Which of the Following Best Describes Conflict of Interest

question 54

Multiple Choice

Which of the following best describes conflict of interest?

• A) Sarah works a full-time day job as a waitress and then runs a part-time baby-sitting service at night.
• B) Cathy,who does computer repairs,lies to customers about having an office downtown when she actually works part-time from her home.
• C) Jenson misses his deadlines at his full-time day job because he works late nights as a part-time music producer.
• D) Ken uses the money he gets from his full-time job as a chef to run his part-time business of graphic designing.

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Definitions:

Equilibrium Quantity

The quantity of goods or services at which demand equals supply, and there is no tendency for the market price to change.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied, leading to a stable market condition.

Demand

The amount of a product or service that buyers are ready and capable of buying at different price points.

Public Utilities

Companies that provide essential services such as water, electricity, and telecommunications to the public, often under government regulation.